Want to buy a used car? Rental car companies are offering up some good deals
New York (CNN)With travelers staying close to home and airports turned into virtual ghost towns, rental car companies have taken a huge hit during the coronavirus pandemic. On Friday Hertz, which also operates the Dollar and Thrifty agencies, declared bankruptcy. Industry experts expect the company to sell off a large portion of its fleet.
And that should bring about some deals car shoppers might very well want to consider, experts say.
Even when we were not in an economic crisis, shoppers could often find a good deal on a used car at one of the major car rental agencies, including Hertz, Avis or Enterprise.
Rental car companies routinely sell off cars, usually after a year or two of service. For instance, Enterprise, which also operates the Alamo and National brands, sells a million used cars a year globally, according to a spokeswoman.